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Here's How Boeing's Stock Can Fly Higher

Sometimes the best offense is a great defense. Few defense companies have the appealing qualities of Boeing (BA) , which earlier Wednesday not only beat Wall Street's second-quarter earnings estimates, its guidance was better on both the top and bottom lines. So why would you want to part with this company?

Although Boeing share have gained some 8% over the past month, the stock is still some 12% below its 52-week high of around $150. With strong demand in its commercial deliveries and...